{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-4706.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-4706.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-4706.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-4706.html"}],"law_id":61727,"edition_id":1,"section_id":61727,"structure_id":15058,"section_number":"15.2-4706","catch_line":"Annual special improvement tax; use of revenues","history":"1997, c. 587.","full_text":"Upon the written request of the district commission made to the local governing body pursuant to subdivision 8 of \u00a7 15.2-4705, the local governing body may levy and collect an annual special improvements tax on taxable real property zoned for commercial or industrial use or used for such purposes and leasehold interests in that portion of the improvement district within its jurisdiction. Notwithstanding the provisions of Article 4 (\u00a7 58.1-3229 et seq.) of Chapter 32 of Title 58.1, the tax shall be levied upon the assessed fair market value of the taxable real property. The rate of the special improvements tax shall not be more than $0.20 per $100 of the assessed fair market value of any taxable real estate or the assessable value of taxable leasehold property as specified by \u00a7 58.1-3203; however, if all the owners in any district so request, this limitation on rate shall not apply. Such special improvements taxes shall be collected at the same time and in the same manner as the locality’s taxes are collected, and the proceeds shall be kept in a separate account. All revenues received by the locality pursuant to such taxes shall be paid over to the district commission for its use pursuant to \u00a7 15.2-4705.","order_by":null,"text":{"0":{"id":225395,"text":"Upon the written request of the district commission made to the local governing body pursuant to subdivision 8 of \u00a7 15.2-4705, the local governing body may levy and collect an annual special improvements tax on taxable real property zoned for commercial or industrial use or used for such purposes and leasehold interests in that portion of the improvement district within its jurisdiction. Notwithstanding the provisions of Article 4 (\u00a7 58.1-3229 et seq.) of Chapter 32 of Title 58.1, the tax shall be levied upon the assessed fair market value of the taxable real property. The rate of the special improvements tax shall not be more than $0.20 per $100 of the assessed fair market value of any taxable real estate or the assessable value of taxable leasehold property as specified by \u00a7 58.1-3203; however, if all the owners in any district so request, this limitation on rate shall not apply. Such special improvements taxes shall be collected at the same time and in the same manner as the locality’s taxes are collected, and the proceeds shall be kept in a separate account. All revenues received by the locality pursuant to such taxes shall be paid over to the district commission for its use pursuant to \u00a7 15.2-4705.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15058,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":14563,"metadata":{},"date_created":"2026-06-26 03:51:51","date_modified":"2026-06-26 03:51:51","permalink":{"id":158185,"object_type":"structure","relational_id":15058,"identifier":"1","token":"15.2\/IV\/47\/1","url":"\/15.2\/IV\/47\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14563,"edition_id":1,"name":"Transportation Improvement District in Individual Localities","identifier":"47","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:48:40","date_modified":"2026-06-26 03:48:40","permalink":{"id":158183,"object_type":"structure","relational_id":14563,"identifier":"47","token":"15.2\/IV\/47","url":"\/15.2\/IV\/47\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12721,"edition_id":1,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":157897,"object_type":"structure","relational_id":12721,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":61550,"structure_id":15058,"section_number":"15.2-4700","catch_line":"Short title; application","url":"\/15.2-4700\/","token":"15.2\/IV\/47\/1\/15.2-4700","metadata":false},{"id":73263,"structure_id":15058,"section_number":"15.2-4701","catch_line":"Definitions","url":"\/15.2-4701\/","token":"15.2\/IV\/47\/1\/15.2-4701","metadata":false},{"id":67778,"structure_id":15058,"section_number":"15.2-4702","catch_line":"Creation of district","url":"\/15.2-4702\/","token":"15.2\/IV\/47\/1\/15.2-4702","metadata":false},{"id":72983,"structure_id":15058,"section_number":"15.2-4703","catch_line":"Commission established","url":"\/15.2-4703\/","token":"15.2\/IV\/47\/1\/15.2-4703","metadata":false},{"id":66007,"structure_id":15058,"section_number":"15.2-4704","catch_line":"Creation of district advisory boards","url":"\/15.2-4704\/","token":"15.2\/IV\/47\/1\/15.2-4704","metadata":false},{"id":57413,"structure_id":15058,"section_number":"15.2-4705","catch_line":"Powers and duties of commission","url":"\/15.2-4705\/","token":"15.2\/IV\/47\/1\/15.2-4705","metadata":false},{"id":61727,"structure_id":15058,"section_number":"15.2-4706","catch_line":"Annual special improvement tax; use of revenues","url":"\/15.2-4706\/","token":"15.2\/IV\/47\/1\/15.2-4706","metadata":false},{"id":67543,"structure_id":15058,"section_number":"15.2-4707","catch_line":"Jurisdiction of localities and officers, etc., not affected","url":"\/15.2-4707\/","token":"15.2\/IV\/47\/1\/15.2-4707","metadata":false},{"id":65926,"structure_id":15058,"section_number":"15.2-4708","catch_line":"Allocation of funds to local transportation districts","url":"\/15.2-4708\/","token":"15.2\/IV\/47\/1\/15.2-4708","metadata":false},{"id":71057,"structure_id":15058,"section_number":"15.2-4709","catch_line":"Reimbursement for advances to local transportation district","url":"\/15.2-4709\/","token":"15.2\/IV\/47\/1\/15.2-4709","metadata":false},{"id":80665,"structure_id":15058,"section_number":"15.2-4710","catch_line":"Cooperation between districts and other political subdivisions","url":"\/15.2-4710\/","token":"15.2\/IV\/47\/1\/15.2-4710","metadata":false},{"id":78716,"structure_id":15058,"section_number":"15.2-4711","catch_line":"Tort liability","url":"\/15.2-4711\/","token":"15.2\/IV\/47\/1\/15.2-4711","metadata":false},{"id":82375,"structure_id":15058,"section_number":"15.2-4712","catch_line":"Approval by Commonwealth Transportation Board","url":"\/15.2-4712\/","token":"15.2\/IV\/47\/1\/15.2-4712","metadata":false}],"previous_section":{"id":57413,"structure_id":15058,"section_number":"15.2-4705","catch_line":"Powers and duties of commission","url":"\/15.2-4705\/","token":"15.2\/IV\/47\/1\/15.2-4705","metadata":false},"next_section":{"id":67543,"structure_id":15058,"section_number":"15.2-4707","catch_line":"Jurisdiction of localities and officers, etc., not affected","url":"\/15.2-4707\/","token":"15.2\/IV\/47\/1\/15.2-4707","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-4706\/","history_text":"

This law was first created in 1997. The record of its establishment is cataloged in chapter 587<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":66007,"section_number":"15.2-4704","catch_line":"Creation of district advisory boards","order_by":null,"url":"\/15.2-4704\/"},{"id":57413,"section_number":"15.2-4705","catch_line":"Powers and duties of commission","order_by":null,"url":"\/15.2-4705\/"}],"refers_to":[{"id":57413,"section_number":"15.2-4705","catch_line":"Powers and duties of commission","order_by":null,"url":"\/15.2-4705\/"},{"id":83715,"section_number":"58.1-3203","catch_line":"Taxation of certain leasehold interests; concessions","order_by":null,"url":"\/58.1-3203\/"},{"id":56646,"section_number":"58.1-3229","catch_line":"Repealed","order_by":null,"url":"\/58.1-3229\/"}],"permalink":{"id":158211,"object_type":"law","relational_id":61727,"identifier":"15.2-4706","token":"15.2\/IV\/47\/1\/15.2-4706","url":"\/15.2-4706\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-4706\/","token":"15.2\/IV\/47\/1\/15.2-4706","dublin_core":{"Title":"Annual special improvement tax; use of revenues","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-4706","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Upon the written request of the district<\/span> commission<\/span> made to the local governing body<\/span> pursuant to subdivision 8 of \u00a7 15.2-4705<\/a>, the local governing body<\/span> may levy<\/span> and collect an annual special improvements tax on taxable real property zoned for commercial or industrial use or used for such purposes and leasehold interests in that portion of the improvement district<\/span> within its jurisdiction<\/span>. Notwithstanding the provisions of Article 4 (\u00a7 58.1-3229<\/a> et seq.) of Chapter 32 of Title 58.1, the tax shall be levied upon the assessed fair market value of the taxable real property. The rate of the special improvements tax shall not be more than $0.20 per $100 of the assessed fair market value of any taxable real estate or the assessable value of taxable leasehold property as specified by \u00a7 58.1-3203<\/a>; however, if all the owners<\/span> in any district<\/span> so request, this limitation on rate shall not apply. Such special improvements taxes shall be collected at the same time and in the same manner as the locality<\/span>’s taxes are collected, and the proceeds shall be kept in a separate account. All revenues<\/span> received by the locality<\/span> pursuant to such taxes shall be paid over to the district<\/span> commission<\/span> for its use pursuant to \u00a7 15.2-4705<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nANNUAL SPECIAL IMPROVEMENT TAX; USE OF REVENUES (\u00a7 15.2-4706)\n\nUpon the written request of the district commission made to the local governing\nbody pursuant to subdivision 8 of \u00a7 15.2-4705, the local governing body may\nlevy and collect an annual special improvements tax on taxable real property\nzoned for commercial or industrial use or used for such purposes and leasehold\ninterests in that portion of the improvement district within its jurisdiction.\nNotwithstanding the provisions of Article 4 (\u00a7 58.1-3229 et seq.) of Chapter 32\nof Title 58.1, the tax shall be levied upon the assessed fair market value of\nthe taxable real property. The rate of the special improvements tax shall not be\nmore than $0.20 per $100 of the assessed fair market value of any taxable real\nestate or the assessable value of taxable leasehold property as specified by \u00a7\n58.1-3203; however, if all the owners in any district so request, this\nlimitation on rate shall not apply. Such special improvements taxes shall be\ncollected at the same time and in the same manner as the locality’s taxes\nare collected, and the proceeds shall be kept in a separate account. All\nrevenues received by the locality pursuant to such taxes shall be paid over to\nthe district commission for its use pursuant to \u00a7 15.2-4705.\n\nHISTORY: 1997, c. 587.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}